Invesco (NYSE:IVZ) Given New $20.00 Price Target at Barclays

Invesco (NYSE:IVZ) had its target price boosted by Barclays from $18.00 to $20.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the asset manager’s stock.

A number of other brokerages have also commented on IVZ. TD Cowen decreased their price target on shares of Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Wells Fargo & Company dropped their price target on Invesco from $17.50 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. reduced their price objective on Invesco from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, The Goldman Sachs Group reduced their price target on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Invesco has a consensus rating of “Hold” and a consensus price target of $19.71.

Invesco Trading Down 1.8 %

NYSE:IVZ opened at $18.99 on Wednesday. Invesco has a 52-week low of $14.16 and a 52-week high of $19.49. The stock has a fifty day moving average of $17.67 and a 200 day moving average of $17.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. On average, equities analysts forecast that Invesco will post 1.7 EPS for the current fiscal year.

Invesco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.205 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.82 annualized dividend and a dividend yield of 4.32%. Invesco’s dividend payout ratio (DPR) is presently -89.13%.

Institutional Trading of Invesco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IVZ. Fisher Asset Management LLC grew its holdings in shares of Invesco by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,540,913 shares of the asset manager’s stock worth $79,738,000 after acquiring an additional 87,405 shares during the period. Massachusetts Mutual Life Insurance Co. purchased a new stake in Invesco in the third quarter worth $1,428,196,000. Algert Global LLC bought a new position in Invesco in the second quarter worth $551,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Invesco by 1.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,452 shares of the asset manager’s stock worth $1,378,000 after purchasing an additional 1,020 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Invesco during the third quarter valued at $853,000. Hedge funds and other institutional investors own 66.09% of the company’s stock.

About Invesco

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.